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Rising Use of Amex Cards Shows Credit Appeals to Savvy Younger Consumers
Rising Use of Amex Cards Shows Credit Appeals to Savvy Younger Consumers
July 21, 2023  |  Payment Methods

Younger consumers — Gen Z and millennials among them — boosted American Express’ results, as disclosed on Friday (July 21). But beyond the confines of...

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Alipay and WeChat Pay Add Links to Visa and Mastercard
Alipay and WeChat Pay Add Links to Visa and Mastercard
July 21, 2023  |  Payment Methods

Visitors to China can now link their Visa and Mastercard accounts to the country’s most popular mobile payment applications, Alipay and WeChat Pay. Ant Group, the operator of Alipay, said Friday (July...

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Amex: Card Spending by Gen Z and Millennials Surges 21%
Amex: Card Spending by Gen Z and Millennials Surges 21%
July 21, 2023  |  Earnings

For American Express, the momentum lies with younger consumers. Results posted by the company on Friday (July 21) show that younger generations’ spending surged double...

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Capital One Sees Charge-Off Rates Reaching Pre-Pandemic Levels
Capital One Sees Charge-Off Rates Reaching Pre-Pandemic Levels
July 20, 2023  |  Earnings

Consumers are spending more on their cards — and delinquency rates are creeping up. To that end, Capital One’s company materials show that the allowance for losses...

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Equifax Reports Historically Low Credit Card Delinquencies Amid Strong Q2 Performance
Equifax Reports Historically Low Credit Card Delinquencies Amid Strong Q2 Performance
July 20, 2023  |  Earnings

Equifax released its second quarter earnings report on Wednesday (July 20), announcing a “strong” earnings performance despite mortgage interest rates trending upwards since April.  In terms of...

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Fyle and Decimal Partner on Real-Time Expense Management
Fyle and Decimal Partner on Real-Time Expense Management
July 18, 2023  |  Spend Management

Fyle and Decimal have partnered to deliver real-time expense management to small businesses. With this collaboration, users of Decimal’s financial operations technology platform for small...

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Bank of America: Digital Adoption Has Reached 83% of Customer Households
Bank of America: Digital Adoption Has Reached 83% of Customer Households
July 18, 2023  |  Earnings

Bank of America’s latest results show an increasing adoption of digital channels by customers to get their banking done. The presentation materials from the company...

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Citigroup Sees 11% Jump in Revenue From US Personal Banking
Citigroup Sees 11% Jump in Revenue From US Personal Banking
July 14, 2023  |  Earnings

Citigroup has reported an 11% jump in revenue from United States personal banking in the second quarter of the year. Customers are borrowing more and the...

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JPMorgan: Consumers ‘Want Rather Than Need’ Credit as Card Sales Volumes Up 8%
JPMorgan: Consumers ‘Want Rather Than Need’ Credit as Card Sales Volumes Up 8%
July 14, 2023  |  Earnings

JPMorgan’s most recent results underscore the continuance of recent trends — namely, the consumer continues to spend, and credit is a payment method strategically deployed...

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